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Finding the Perfect Multifamily Property

American Apartment Owners Association

Consult with a real estate agent Find a realtor who specializes in the acquisition and disposition of multifamily assets in your target area. Operating costs can consist of property taxes, real estate agent fees, utilities, maintenance, property management fees, homeowners insurance and legal fees.

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What is NOI In Real Estate, Answered

Bay Property Management Group

Repairs & Maintenance Keeping the place in good shape costs money. Seasonal maintenance, like landscaping and snow removal, can add up over the year. Conducting a thorough review of past expenses and consulting with property management professionals can help you identify and include these hidden costs in your financial planning.

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11 Steps to Take Before and During Leasing Season to Maximize Profit and Efficiency

Appfolio

Whether you have on-site maintenance teams or work with third-party vendors, review procedures to ensure tools, supplies, and adequate staff members are available to respond to every situation. Invest in a property-wide deep cleaning, and address any maintenance issues that have been put off. Check Up On Your Application Process.

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How to Keep Your Tenants Safe

American Apartment Owners Association

This implied warranty also covers the maintenance of all common areas, such as the buildings entryway, staircases and laundry rooms. The monitoring and maintenance of the roof, walls, floors, windows and doors is also understood. The applicant should also investigate the neighborhoods crime statistics.

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The Ethical Side of AI You Need to Know: Lessons from SafeRent and Opportunities for the Future

BetterWho

The lawsuit revealed that SafeRents algorithm disproportionately scored low-income applicants and people of color, particularly those using housing vouchers. These scores led to unjust denials of housing applications, a clear violation of the Fair Housing Act. million class-action lawsuit after allegations of discriminatory practices.

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Embracing Change: Navigating Technology Implementation in Property Management

American Apartment Owners Association

How We Approach Change Management One of the most significant hurdles to adopting new technology is ensuring that everyonefrom the property manager to the maintenance teamfeels comfortable with the change. Instead, we work with owners to understand their specific needs and constraints, and we help guide them through the process.

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Run better HOA board meetings: Tips and tools for association managers

Buildium

This includes everything from budget approvals and maintenance projects to resolving disputes and planning community events. You should develop it in consultation with the board president and other key members. These platforms can also integrate with other tools, such as email and calendar applications, to enhance overall efficiency.